Future Of Solar Farming

The Bright Future of Solar Farms

The future of solar farming is bright indeed. With new regulations requiring a huge reduction in Carbon Dioxide emissions in the not too distant future, it seems that solar energy is the primary focus as the future of energy. As a matter of fact, by the year 2050, it is predicted that a quarter of the world’s electricity supplied will be from solar power. It is believed that this will be split fairly evenly between solar panels on private buildings such as residences and businesses, and solar farms creating energy at the utility level.

Currently, solar energy accounts for only .05% of electricity supplies, but as noted before, new government regulations mean this is going to have to change, and quickly. The International Energy Agency believes that the U.S. will stand out as the leading supplier in the future of solar farming, with India close behind. They are making great strides in solar power with the opening of the largest solar park in India, Cohorts Solar Park at Charanka, in April.

In the United States, 2011 was a great year for solar energy with solar panel costs dropping 60%. Installations also rose by 10 times what they were in 2007. Despite the recession, this is one industry that has continued to grow, especially in California. This all bodes well for the future of solar farming, but there is political stink in the air that could threaten it all without reform. The growth enjoyed by the industry is much owed to government support, such as tax incentives and supplementation. This is truer in California than anywhere else, but worldwide some of these subsidies are drying up.

The future of solar farming could be bright indeed with costs decreasing rapidly, and more and more world citizens jumping on the band wagon as solar farm technology increases. Even with government support worldwide growing unsure, it is unlikely that will stifle the movement for long. This is a real, viable source of clean renewable energy, and with each solar farm built the potential becomes even greater. With the U.S. and India in the lead right now, South Africa is not far behind, and as its solar network grows it is expected to export at least half of its solar energy to Europe.

This planet is the only one we have right now, and unless a new one is discovered very quickly, and we can learn how to utilize it, we are stuck here. Our best bet as human beings is to take care of the planet we know we have. Doing this means switching over to clean, renewable energy, and the best source of that is currently solar energy. The future of solar farming could feasibly be the future of the human race.

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DISCLAIMER: Innovative Solar Systems, LLC is not a certified public account, licensed financial advisor or a licensed attorney. This information is intended to explain the availability of certain tax credits and other benefits arising out of the installation of a solar energy producing assets. Actual tax benefits will vary depending on specifics surrounding the end user or owner. This information is not intended as legal, financial or tax advice with respect to our available solar projects. Please consult your accountant, financial advisor or attorney for advice with respect to any tax matters or returns related to material contained herein.